Summary
IONWAY has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.33bn and a net result of -€3.2m. Equity is growing by ~49.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 100 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 3 accounts on average 72 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
History
IONWAY was incorporated on 12 December 2022 as a Private limited company by UMICORE, with a starting capital of EUR 50,000.12 The registered office was moved to Brussel in 2023.3 Between 2023 and 2025 the capital was increased 5 times.456 The board currently has 7 members; Thomas Jansseune has served longest, since 2023.7 Total assets rose from EUR 356 million in 2023 to EUR 1.3 billion in 2025 and headcount from 2.1 to 19.7 full-time equivalents.8
Go further with this company
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Operating income70/76A | €22,706 | €173,961 | €37,381 | ▼ 78.5% |
| Other operating income74 | €22,706 | €173,961 | €37,381 | ▼ 78.5% |
| Operating charges60/66A | €8.7m | €28.3m | €25.7m | ▼ 9.1% |
| Goods for resale, raw materials and consumables60 | - | €295 | - | - |
| Purchases600/8 | - | €295 | - | - |
| Services and other goods61 | €8.0m | €24.4m | €20.9m | ▼ 14.1% |
| Remuneration, social security and pensions62 | €689,046 | €3.7m | €4.0m | ▲ 10.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €33,357 | €254,194 | €425,761 | ▲ 67.5% |
| Other operating charges640/8 | €2,668 | €18,495 | €354,040 | ▲ 1,814% |
| Operating profit (loss)9901 | -€8.7m | -€28.1m | -€25.7m | ▲ 8.6% |
| Financial income75/76B | €263,691 | €8.8m | €27.4m | ▲ 211% |
| Recurring financial income75 | €263,691 | €8.8m | €27.4m | ▲ 211% |
| Income from financial fixed assets750 | - | - | €409,311 | - |
| Income from current assets751 | €263,688 | €7.0m | €22.7m | ▲ 226% |
| Other financial income752/9 | €3 | €1.9m | €4.3m | ▲ 132% |
| Financial charges65/66B | €2,326 | €642,846 | €4.5m | ▲ 593% |
| Recurring financial charges65 | €2,326 | €642,846 | €4.5m | ▲ 593% |
| Debt charges650 | - | €76,790 | €385,472 | ▲ 402% |
| Other financial charges652/9 | €2,326 | €566,056 | €4.1m | ▲ 619% |
| Profit (loss) for the period before taxes9903 | -€8.5m | -€19.9m | -€2.8m | ▲ 86.1% |
| Income taxes67/77 | - | €910 | €477,269 | ▲ 52,325% |
| Taxes670/3 | - | €910 | €477,269 | ▲ 52,325% |
| Profit (loss) for the period9904 | -€8.5m | -€19.9m | -€3.2m | ▲ 83.7% |
| Profit (loss) for the period to be appropriated9905 | -€8.5m | -€19.9m | -€3.2m | ▲ 83.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €355.9m | €996.2m | €1.34bn | ▲ 34.0% |
| Fixed assets21/28 | €142.2m | €256.4m | €807.2m | ▲ 215% |
| Tangible fixed assets22/27 | - | - | €24.8m | - |
| Assets under construction and advance payments27 | - | - | €24.8m | - |
| Financial fixed assets28 | €142.2m | €256.4m | €782.4m | ▲ 205% |
| Affiliated companies280/1 | €142.1m | €252.7m | €778.6m | ▲ 208% |
| Participating interests280 | €142.1m | €252.7m | €778.6m | ▲ 208% |
| Other financial fixed assets284/8 | €27,505 | €3.7m | €3.7m | ▲ 1.3% |
| Amounts receivable and cash guarantees285/8 | €27,505 | €3.7m | €3.7m | ▲ 1.3% |
| Current assets29/58 | €213.7m | €739.8m | €528.0m | ▼ 28.6% |
| Amounts receivable within one year40/41 | €100.5m | €349.5m | €230.0m | ▼ 34.2% |
| Trade receivables40 | €67,118 | €1.2m | €834,440 | ▼ 31.0% |
| Other amounts receivable41 | €100.4m | €348.3m | €229.2m | ▼ 34.2% |
| Current investments50/53 | - | €368.1m | €287.0m | ▼ 22.0% |
| Other investments51/53 | - | €368.1m | €287.0m | ▼ 22.0% |
| Cash at bank and in hand54/58 | €113.3m | €22.0m | €10.5m | ▼ 52.2% |
| Deferred charges and accrued income490/1 | €2,928 | €246,776 | €407,279 | ▲ 65.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €355.9m | €996.2m | €1.34bn | ▲ 34.0% |
| Equity10/15 | €349.3m | €979.4m | €1.33bn | ▲ 35.4% |
| Contributions10/11 | €357.8m | €1.01bn | €1.36bn | ▲ 34.7% |
| Profit (loss) carried forward14 | -€8.5m | -€28.4m | -€31.6m | ▼ 11.4% |
| Provisions and deferred taxes16 | €33,357 | €287,551 | €713,313 | ▲ 148% |
| Provisions for liabilities and charges160/5 | €33,357 | €287,551 | €713,313 | ▲ 148% |
| Pensions and similar obligations160 | €33,357 | €287,551 | €713,313 | ▲ 148% |
| Amounts payable17/49 | €6.6m | €16.6m | €8.3m | ▼ 49.9% |
| Amounts payable within one year42/48 | €6.6m | €16.5m | €8.3m | ▼ 49.8% |
| Financial debts43 | - | €4.3m | €0 | ▼ 100.0% |
| Other loans439 | - | €4.3m | €0 | ▼ 100.0% |
| Trade debts44 | €6.3m | €11.0m | €7.2m | ▼ 34.6% |
| Suppliers440/4 | €6.3m | €11.0m | €7.2m | ▼ 34.6% |
| Taxes, remuneration and social security45 | €258,133 | €1.3m | €1.1m | ▼ 13.8% |
| Taxes450/3 | - | €117,685 | €140,924 | ▲ 19.7% |
| Remuneration and social security454/9 | €258,133 | €1.2m | €1.0m | ▼ 17.0% |
| Other amounts payable47/48 | €6,813 | - | - | - |
| Accrued charges and deferred income492/3 | €1,495 | €43,837 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8.5m | -€19.9m | -€3.2m | ▲ 83.7% |
| Operating cash flow (approximation) | -€8.5m | -€19.9m | -€3.2m | ▲ 83.7% |
| Investment in fixed assets (approximation) | - | -€114.2m | -€550.8m | ▼ 382% |
| Change in cash | - | -€91.3m | -€11.5m | ▲ 87.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
02-09
State Gazette act
Appointment: Olivier Ghyssens (bestuurder van klasse b)Director discharge · Power of attorney6 facts ▸
- General meeting, 01-07-2026
- Director appointment, Olivier Ghyssens (bestuurder van klasse b)
- Director discharge, Wannes Peferoen
- Power of attorney, Bjorn Dejonghe
- Power of attorney, Hendrik Joostens
- Power of attorney, Astrid Mathy
23-01
State Gazette act
Appointment: Alexander Schmitt (klasse a bestuurder)Resignation: Jörg Teichmann (director) · Director discharge · Mandate compensation5 facts ▸
- General meeting, 28 november 2025
- Director appointment, Alexander Schmitt (klasse a bestuurder)
- Director resignation, Jörg Teichmann
- Director discharge, Jörg Teichmann
- Mandate compensation, Alexander Schmitt
23-12
State Gazette act
MiscellaneousCapital increase · Power of attorney3 facts ▸
- General meeting, 16 december 2025
- Capital increase, €350.000.000
- Power of attorney, raad van bestuur
10-03
State Gazette act
Appointments: Tim Tönnies (klasse a bestuurder) and Bart Sap (klasse b bestuurder)Resignations: Thomas Lehnert (klasse a bestuurder) and Ralph Kiessling (klasse b bestuurder) · Director discharge7 facts ▸
- General meeting, 05/02/2025
- Director appointment, Tim Tönnies (klasse a bestuurder)
- Director resignation, Thomas Lehnert (klasse a bestuurder)
- Director discharge, Thomas Lehnert
- Director appointment, Bart Sap (klasse b bestuurder)
- Director resignation, Ralph Kiessling (klasse b bestuurder)
- Director discharge, Ralph Kiessling
02-01
State Gazette act
MiscellaneousCapital increase · Power of attorney · Payment deadline4 facts ▸
- General meeting, 16 december 2024
- Capital increase, €500.000.000
- Power of attorney, raad van bestuur
- Payment deadline, 16 januari 2025
08-07
State Gazette act
Appointment: Wannes Peferoen (klasse b bestuurder)Resignation: Frank Daufenbach (director) · Director discharge4 facts ▸
- General meeting, 18 juni 2024
- Director appointment, Wannes Peferoen (klasse b bestuurder)
- Director resignation, Frank Daufenbach
- Director discharge, Frank Daufenbach
14-06
State Gazette act
MiscellaneousCapital increase · Bank account · Power of attorney4 facts ▸
- General meeting, 10/06/2024
- Capital increase, €150.000.000
- Bank account, BNP Paribas Fortis NV, BE18 0019 4240 2465
- Power of attorney, raad van bestuur
Show earlier events
26-07
State Gazette act
Appointments: Thomas Jansseune (ceo chief executive officer binnen de raad van dagelijks bestuur) and Achim Holzer (cfo chief financial officer binnen de raad van dagelijks bestuur)4 facts ▸
- Board meeting, 26/04/2023
- Director appointment, Thomas Jansseune (ceo chief executive officer binnen de raad van dagelijks bestuur)
- Board meeting, 17/07/2023
- Director appointment, Achim Holzer (cfo chief financial officer binnen de raad van dagelijks bestuur)
01-06
State Gazette act
MiscellaneousCapital increase · Power of attorney3 facts ▸
- General meeting, 25 mei 2023
- Capital increase, €156.600.000
- Power of attorney, raad van bestuur
07-04
State Gazette act
MiscellaneousCapital increase · Bank account3 facts ▸
- General meeting, 22/03/2023
- Capital increase, €1.111.000
- Bank account, BNP Paribas Fortis NV, BE18 0019 4240 2465
05-04
State Gazette act
Appointments: LEHNERT Thomas Friedrich (non-statutory director) and TEICHMANN Jörg (non-statutory director)Registered-office move · Share issue5 facts ▸
- General meeting, 22/03/2023
- Registered-office move, 1210 Brussel, Bolwerklaan 21/5e verdieping, Spaces Manhattan
- Share issue, 24.999 Soort A Aandelen en 25.001 Soort B Aandelen, 50000
- Director appointment, LEHNERT Thomas Friedrich (non-statutory director)
- Director appointment, TEICHMANN Jörg (non-statutory director)
14-12
State Gazette act
IncorporationAppointments: KIESSLING Ralph Konrad (director) and DAUFENBACH Frank Mathias (director) · Founder · Founding capital8 facts ▸
- Incorporation, 09-12-2022
- Founder, UMICORE
- Founding capital, €50.000
- Bank account, BNP Paribas Fortis NV
- Director appointment, KIESSLING Ralph Konrad (director)
- Director appointment, DAUFENBACH Frank Mathias (director)
- Mandate compensation, KIESSLING Ralph Konrad
- Mandate compensation, DAUFENBACH Frank Mathias
About the unread acts
Of the 15 Belgian State Gazette acts we know for this company, 12 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 5
Day-to-day management 2
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813A0484/00G000 | Brussels | 9,776 m² | 1 · 3,052 m² | 61.6 m · 9 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Wannes Peferoen |
|
| Bart Sap |
|
| Tim Tönnies |
|
| Alexander Schmitt |
|
| Olivier Ghyssens |
|
| Thomas Jansseune |
|
| Achim Holzer |
|
| TEICHMANN Jörg |
|
| KIESSLING Ralph Konrad |
|
| LEHNERT Thomas Friedrich |
|
| DAUFENBACH Frank Mathias |
|
Articles of association
Full purpose
Het voorwerp van de vennootschap, zowel in België als in het buitenland, is, in de ruimste zin van het woord: 1) de studie, vervaardiging, bouw, aankoop, verkoop, installatie, onderhoud en herstelling van alle welkdanige elektrische, elektronische, nucleaire, mechanische en hydraulische voorwerpen, toestellen en machines, alsook het bereiden en omwerken van de voor haar nijverheid nodige grondstoffen; 2) het onderzoek en ontwerp, de verwerving, uitbating en het beheer voor eigen rekening of voor rekening van derden van alle mijnbouwkundige, metaalverwerkende, chemische, materiaal- en systeemproducerende activiteiten en ondernemingen die hiervan gebruik maken, alsmede het ontwerp, de studie, de bouw, de bevoorrading, de opstart en expertise van industriële installaties; en 3) de handel in producten die het resultaat zijn van deze activiteiten, materialen en bevoorradingen bestemd voor de ontginning en vervaardiging van deze producten, alsook alle verrichtingen, voor eigen rekening of voor rekening van derden, met betrekking tot de handel, opslag, behandeling en vervoer van alle producten; in ieder geval in verband met de studie, vervaardiging, bouw en verkoop van producten en halffabricaten in de ruimste zin met betrekking tot kathode-actieve materialen voor batterijen en batterijcellen en de onderliggende waardeketens.
Structure & network
Owners and holdings
2 owners · 2 holdingsOwners 2
- Power Holdco Lux SALUSourceown accounts 202550%
-
50%
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of IONWAY and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
7 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Capital and shareholders
- UMICORE 175,007,000 EUR
- Power Holdco Lux 174,993,000 EUR
- UMICORE 75,003,000 EUR
- Power Holdco Lux 74,997,000 EUR
- UMICORE (BE 0401.574.852) sole founder · 100% at incorporation
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 23-12-2025 Capital increase of 350,000,000 EUR · in cash
- 02-01-2025 Capital increase of 500,000,000 EUR · in cash
- 14-06-2024 Capital increase of 150,000,000 EUR · in cash
- 01-06-2023 Capital increase of 156,600,000 EUR · “inbreng zonder uitgifte van nieuwe aandelen”
- 07-04-2023 Capital increase of 1,111,000 EUR · in cash
- 14-12-2022 Incorporation · 50,000 EUR · 50,000 shares
Recognitions · licences · registrations
Legal Entity Identifier
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.